Deleon Inc. is preparing its annual budgets for the year ending December 31, 2020. Accounting assistants furnish the data shown below.

		Product JB 50		Product JB 60
Sales budget:
Anticipated volume in units		402,300		201,600
Unit selling price		$23		$28
Production budget:
Desired ending finished goods units		27,300		19,500
Beginning finished goods units		31,300		11,800
Direct materials budget:
Direct materials per unit (pounds)		2		2
Desired ending direct materials pounds		32,700		19,500
Beginning direct materials pounds		41,500		12,400
Cost per pound		$3		$3
Direct labor budget:
Direct labor time per unit		0.4		0.6
Direct labor rate per hour		$11		$11
Budgeted income statement:
Total unit cost		$14		$21

An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $662,000 for product JB 50 and $364,000 for product JB 60, and administrative expenses of $544,000 for product JB 50 and $342,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30%.

Il I! Il II III II I Tota llllll l Il llllll IIIII 11 Il Il ll 2 + PPT 11 IIIIII PSI lllllllllllllll 1 III 1111111 Il SILI 1 II III 11 Il II II Il II !! ! I BB II I II I IIIIIIIIIIII I N ! ! ! Il I II I INI III II III I I III 1 X = x + S A II TIL JB 60 LIIII product JB 60, and administrative expenses of $544,000 for product JB 50 and $342 expense is $150,000 (not allocated to products). Income taxes are expected to be 3 DELEON INC. Sales Budget the Year Ending December 31, 2020 MALAL 202,300 NO III 11 llllll ILI a 1 JB 50 1 1 1 1 III I 11 III I! I II 1 II III II III 1 II III D D I 1 1 1 1 COLO O l Il DE 2 > D X Your answer is partially correct. Try again. oll OLE 1 O SAL OS Prepare the sales budget for the year. 1 DS F 50 Texpected Unit Sales 7 Tunit Selling Price 0) ay Total Sales Total Sales TUTTI L > > ULU - LINK TO TEXT LINK TO VIDEO ey Study. Your answer is partially correct. Try again Prepare the production budget for the year. DELEON INC. Production Budget | For the Year Ending December 31, 2020 JB 50 JB 60 Expected Unit Sales 402,300 Tada - Desired Ending Finished Goods Units Total Required Units Less | Beginning Finished Goods Units Required Production Units LINK TO TEXT LINK TO VIDEO 17 Your answer is partially correct. Try again. Prepare the direct materials budget for the year. DELEON INC. Direct Materials Budget For the Year Ending December 31, 2020 JB 50 JB 60 Total Units to be produced Direct Materials per Unit | Total Pounds Needed for Production TDesired Ending Direct Materials (Pounds). 00l|||||| FOUUDUDIDI Total Materials Required PL Less Beginning Direct Materials (Pounds) Direct Materials Purchases Cost per Pound Total Cost of Direct Materials Purchases LINK TO VIDEO LINK TO TEXT Prepare the direct labor budget for the year. (Round Direct labor time per unit answers to 1 decimal place e.g. 52.5.) DELEON INC. Direct Labor Budget For the Year Ending December 31, 2020 JB 50 JB 60 Total Units to be Produced Direct Labor Time (Hours) per Un Total Required Direct Labor Hours ibadi Direct Labor Cost per Hour Total Direct Labor Cost LINK TO VIDEO LINK TO TEXT Your answer is partially correct. Try again. not allocated to th sults by Study DELEON INC. Budgeted Income Statement For the Year Ending December 31, 2020 JB 50 JB 60 Total T Sales IMAMA Deleon furnish ti 402,300 18,100 B (pounds) 44,6001 per hour the detail shows se expenses allocated Prepare ti direct labo Cost of Goods Sold Gross Profit Toperating Expenses Operating Expenses Selling Expenses Exper OOO OOOO FOOD DODO OOD DODIOODI Administrative Expenses Total Operating Expenses Income from Operations Interest Expense Income before Income Taxes Income Tax Expense Net Income /(Loss) Click if you would like to Show Work for this question: Open Show Work